Saving money by renting textbooks

By Evrod Cassimy – bio | email

RICHMOND, VA (WWBT) - It's a college student's least favorite time of the year after midterms and finals. Buying textbooks each semester can cost students hundreds of dollars.

"They make sure they need to read it to buy it and they'll try to find other ways...library, borrow," said University of Richmond bookstore manager, Roger Brooks.

"If I see a used book I'll get that one instead of a new one because it's cheaper and still in good condition," said student, Matias Heely. "But other than that sometimes you just gotta suck it up and throw down some money."

Students like Heely are often times discouraged by the high price of books at his college bookstore. But now renting a textbook is proving to be an even cheaper alternative.

"They're going to be a lot less expensive and after going to school for four years that racks up quite a bill," said student, Taylor Barresi.

Companies are jumping at the chance to offer textbooks for rent. Barnes and Nobles rents at 42.5% of the new price. Chegg.com rents for nearly half off the brand new retail value. And you can get up to 75% off at Bookrenter.com. For example, a calculus textbook listed at $225 rents for only $57. That saves you $169 and at the end of the semester you just mail the books back.

The textbook rental business is booming some companies have made nearly $10 million just last year. For a college student saving a few bucks on textbooks goes a long way.

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